Stock Exchange and Financial Markets

general courses

(in Polish) Przedmiot realizowany zdalnie.

Zajęcia nie są przeznaczone dla studentów Wydziału Zarządzania UW.

Aby zajęcia ruszyły na przedmiot musi się zapisać minimum 20 osób.

Remote learning

Course presents how financial market works, characteristic of instruments, characteristic of participants and regulatory authorities. There are presented most used investment strategies, mythos and mistakes made by investors. Special attention is paid on the stock exchange, solution in the securities trade , price stabilization methods use by stock exchange, access opportunities for different stock exchange markets. Students will understand the construction and meaning of indexes and indicators. There are presented main European and domestic regulation in area of access, surveillance and duties imposed by the low in the area of honest behavior of market participants

Topics:

1. Financial market characteristic, main differences related to the other markets. Stock Exchange Market, OTC, ATS. Financial market segmentation (primary, secondary, spot and derivatives, private and public, official and non-official

2. . Security definition. Share types (stock and similar instruments), types of debt instruments (bills, bonds, CD etc.)

3. Stock properties. Bonds parameters: market, nominal and bare price, yield YTM type, duration. Kinds of risk connected to debt securities

4. Mutual funds. Characteristic of the SPV formula. Types of mutual funds and issued securities

5. The role of the Central Banks and other participants of the financial market. Central banks credits, open market operation, REPO and RREPO. Differences in behavior between particular market participation

6. Initial Public Offer (primary market). Legal requirement connected to market entry and issue registration

7. Secondary market. Stock exchange ad trade system (fixing, order ad price driving trade). Course of stock exchange session. Kinds of orders. Forbidden operation. Opportunities of stock exchange market entry. Market segments. Transparency requirements and corporate governance rules

8. Investments strategies. Capita market hypothesis, simply strategies without needs of market analyse. Fundametal and technical approach, Capital Assets Pricing Model

Lecture – 30 hours, 30 self-reliant student work

A.Sopoćko „Instrumenty rynku finansowego” PWN 2010, cz. I, „Rynki instrumenty i instytucje finansowe”, J.Czekaj (redactor), PWN 2008

Students get knowledge about financial instruments, entry procedures in the particular markets, types of capital market operation. There will understand features and differences between stock kinds, debt instruments and other securities. The will understand the course of market conjuncture and signs o its change, they will able to interpret change in the market indices, get knowledge about course of stock exchange session (in Poland and main global financial centers), stock exchange and clearing house organization, types of order. Students will know basic investments strategies, their utility and constraints

After course student:

- understand information from capital market services, used abbreviation, basic indicators, is able to identify conjuncture status

- using proper indicator can estimate the growth potential of different financial instruments

- understand dependency middle size and small stock exchanges from large stock exchange and impact of the economic events on their outcomes

- knows features of particular instruments of the spot market, change spectrum and basic relation between them

Students, who will be absent at most two class can chose one of two form: preparing essay on theme approved by the course coordinator or pass oral test concerning course topics. For the rest of students only the last solution will be applied